bank of china ltd-a (601988) Details

Bank of China Limited, together with its subsidiaries, provides a range of corporate banking, personal banking, treasury operations, investment banking, insurance, and other services in the Chinese Mainland, Hong Kong, Macau, Taiwan, and internationally. The company’s Corporate Banking segment offers current accounts, deposits, overdrafts, loans, trade-related products and other credit facilities, foreign currency, derivatives, and wealth management products to corporate customers, government authorities, and financial institutions. Its Personal Banking segment provides savings deposits, personal loans, credit and debit cards, payments and settlements, wealth management products, and funds and insurance agency services to retail customers. The company’s Treasury Operations segment is involved in the foreign exchange transactions, customer-based interest rate and foreign exchange derivative transactions, money market transactions, proprietary trading, and asset and liability management. Its Investment Banking segment offers debt and equity underwriting and financial advisory, stock brokerage, investment research and asset management, and private equity investment services, as well as sells and trades securities. The company’s Insurance segment is engaged in the underwriting of general and life insurance products; and provision of insurance agency services. As of December 31, 2013, Bank of China Limited had 11,483 Chinese and international branches, subsidiaries, and outlets, including 10,863 branches, subsidiaries, and outlets in Chinese mainland; and 620 branches, subsidiaries, and representative offices in Hong Kong, Macau, Taiwan, and internationally. The company is also involved in the aircraft leasing business. It operated a fleet of 226 aircraft, including 206 owned and 20 managed aircraft. It has strategic partnership with Deutsche Borse. Bank of China Limited was founded in 1912 and is headquartered in Beijing, China.

bank of china ltd-a (601988) Key Developments

Bank of China has announced the availability of Western Union money transfer services at its branches and sub-branches throughout the country. In addition, Bank of China and Western Union will soon expand their collaboration to allow customers to direct Western Union Money Transfers into their bank accounts via online banking, or they can be received at select self-service kiosks.

Bank of China Limited and China Shipping (Group) Company on February 2 signed global cooperative agreement and agreement for strategic cooperation in Shanghai Free Trade Area involving CNY 90 billion. As agreed, both sides will team up in credit, cash management, direct financing, financial advisory, investment banking and insurance, implementing national strategies like one belt and one road and free trade area and forming cooperation worldwide.

Pras Michel To Reportedly Buy Grosvenor And Plaza

Jan 22 15

A consortium said to include Pras Michel will pay £1.3 billion for Grosvenor House Hotel and PLAZA IP HOLDINGS LLC (USA) to allow Subrata Roy to buy his way out of jail. The deal is structured as a one-year loan which will allow Subrata Roy to repay a $900 million debt to Bank of China Limited (SEHK:3988) and transfer $1.6 billion to the Reserve Bank of India to clear his release.

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